Southern Star Amusement Inc. is making an offer of $12.5 million to purchase the former Jazzland/Six Flags site from the City of New Orleans. This offer is for the entire 226 acre site, complete with all improvements and the additional acreage being obtained from Six Flags.

This offer, when combined with the $3 million the city will receive from the Six Flags settlement, should satisfy the existing HUD loan debt. With the upcoming budget shortfall the city is now facing. We feel that it is better for the city and its citizens to use their revenues to support both the police and fire services, rather than continuing to service this debt on a non performing property.

All the power to them. I will try to visit if they ever open because it won't be open for long.

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